Crypto Tax Free

[SilverLance]

UAE has recently exempted crypto from their tax payments. All transactions transfers are free. If such steps were taken by few other important Countries of the world, do you think the adoption of cryptocurrencies will gain greater momentum?

 

[Suba]

I also heard that Abu Dhabi and surrounding countries have exempted crypto taxes, of course if many countries exempt crypto taxes then crypto adoption will be faster and can even eliminate fiat money.

 

[SilverLance]

Yeah, this could take a shift away from fiat currencies towards a decentralized financial system. People will be more willing to adopt it in their day to day activity even.